News

Donald Trump has promised to "drill, baby, drill" to halve energy costs, a plan that sends shivers through the governments of emerging market oil producers anxious about dollar earnings and fills poorer importing countries with hope. In practical terms, Trump, the incoming president of the world's biggest oil producer, cannot fully control prices. The United States has limited influence over producer group OPEC+, the Organization of the Petroleum Exporting Countries and allies, and it does not have a state oil company Trump can order to increase output.

The benchmark US stock measures were trending lower before the opening bell Monday as traders await

The price of Bitcoin has surged since election night and briefly flirted with $100,000. Investors are bullish on a better regulatory environment under President-elect Donald Trump, as well as a lower interest rate environment, in which crypto has previously performed well. It's not uncommon for other cryptocurrencies to follow Bitcoin's lead because it's a bellwether for the industry.

This week’s labor-market data carry big-time implications for the Federal Reserve’s rate-cut plans. And that, in turn, will matter very much to stock-market investors

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade of ultra-cheap money, jumping redlines during the COVID-19 pandemic, and delving more into areas like equity and climate change. But that expansive role has now shrunk to one of terse policy statements, a meat-and-potatoes debate over interest rates, a declining stash of bonds, and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking boring again. Former St. Louis Fed President James Bullard was on the policymaking team that saw the central bank's role expand during the 2007-2009 financial crisis, watched as it mushroomed again during the pandemic and sees it now morphing back into something more normal.

(Bloomberg) -- JPMorgan Chase & Co. is turning its back on a trend that’s been embraced by many of its Wall Street peers.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionTransition finance — a term intended to describe the allocation of capital to activities that will ultimately help cut carbon emissions in the wider economy — exists in something of a regulatory gray zone. At the same time, financi

Robert Kiyosaki, the author of “Rich Dad Poor Dad,” predicts a surge in Bitcoin‘s (CRYPTO: BTC) value and warned of an impending wealth disparity in a recent post. What Happened: On Saturday, Kiyosaki took to X to express his views on the future of Bitcoin and the potential wealth gap it could create. He stated, “Bitcoin will soon break $100,000. Once Bitcoin passes $100,000 it will be almost impossible for the poor and middle class to catch up.” Don’t Miss: If you invested $100 in DOGE when Elo